[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.19237 and 1.19718.

- Support line of 1.17678 and 1.17196.

Commentary/ Reason:

- The euro at $1.1826 against the dollar on Tuesday, rose 0.12% on the day.

- Investors are looking to hear from European Central Bank president Christine Lagarde about the European economic outlook and stimulus prospects in a speech at 1300 GMT, later today.

- Investor focus will also be on sterling and the euro this week with UK-EU trade negotiations coming to a head with the EU summit on Nov. 15.

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.91864 and 0.92122.

- Support line of 0.91028 and 0.90770.

Commentary/ Reason:

- The dollar little changed against the Swiss franc on Tuesday, traded last at 0.9145.

- Initial optimism about coronavirus vaccine testing pushed the dollar up against the safe-harbour Swiss franc, but this momentum is starting to fade as the government made statement that there are still several obstacles to clear before a vaccine can be distributed.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.33070 and 1.33540.

- Support line of 1.31550 and 1.31080.

Commentary/ Reason:

-The British pound traded at $1.3268, close to a 2-month high due to growing optimism that Britain and the European Union will agree a long-sought-after trade deal.

- UK-EU trade negotiations coming to a head with the EU summit on Nov. 15.

GBPUSD